New directors for TAL board
Two new directors have been added to the board of major insurer TAL.
The company's chairman, Rob Thomas, announced the appointment of former insurance industry executive Duncan Boyle and a long-standing group senior executive from within TAL's Japanese parent, Dai-ichi Life, Norimitsu Kawahara.
The company's announcement said Dai-ichi Life senior executive Tatsusaburo Yamamoto had stepped down as a director to take up a new role in Tokyo within the Dai-ichi Life group.
"I welcome both Mr Boyle and Mr Kawahara to the board of Australia's largest life insurance company, and would like to thank Mr Yamamoto for his valuable service since 2012," Thomas said.
Boyle comes to the TAL board having served as the chief executive of the UK operations of Royal and Sun Alliance Insurance (RSA) from 2002 to 2006 following over 30 years experience in the insurance industry in Australia, New Zealand and the UK.
He has been an independent non-executive director of QBE since 2006 and is a director of Clayton Utz lawyers and Stockland Trust Group.
Mr Kawahara has worked for over 28 years in the Dai-ichi Life group, one of the world's largest life insurance and wealth management businesses with operations and interests on all continents.
He is currently responsible for Dai-ichi Life's business in the Asia Pacific region as the managing director of Dai-ichi Life International (Asia Pacific), and has been deputy CEO and CFO of the Star Union Dai-ichi Life Insurance Company in India before.
Recommended for you
A financial advice firm has been penalised $11 million in the Federal Court for providing ‘cookie cutter advice’ to its clients and breaching conflicted remuneration rules.
Insignia Financial has experienced total quarterly net outflows of $1.8 billion as a result of client rebalancing, while its multi-asset flows halved from the prior quarter.
Prime Financial is looking to shed its “sleeping giant” reputation with larger M&A transactions going forward, having agreed to acquire research firm Lincoln Indicators.
An affiliate of Pinnacle Investment Management has expanded its reach with a London office as the fund manager seeks to grow its overseas distribution into the UK and Europe.
